NYSE:KDIT
Kyndryl Holdings (KD) Is Down 6.7% After AI Push, Cyber Concern And Buyback – Has The Bull Case Changed?
Kyndryl Holdings recently launched its Agentic Modernization services-as-software, expanded its Kyndryl Bridge AI platform, reported a weaker first quarter with a net loss of US$55 million on US$3,618 million in sales, updated its 2027 guidance, completed a share repurchase of 19,280,746 shares for US$462.67 million, and was linked to a potential cybersecurity issue involving compromised credentials.
Alongside a small ESOP-related shelf registration for 1,700,000 shares, the company is...